Pension fund earnings up, but crushing debts remain
By Stephen Frank on Jul 25, 2018 09:23 pmWere it not for CalPERS and CalSTRS doubling the mandated contributions to their system—and the State subsidizing them with hundreds of millions each year, they would be closed as financially unsound. Even with the added bucks, they are financially unsound and if privately held, government would close them down. “CalPERS is increasing its bite on […]
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